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Exercise 14-13 a-b In 2020, Carla Vista Corporation had net sales of $594,000 and cost goods sold of $350,000. Operating expenses were $152,000, and interest
Exercise 14-13 a-b In 2020, Carla Vista Corporation had net sales of $594,000 and cost goods sold of $350,000. Operating expenses were $152,000, and interest expense was $7,500. The corporation's tax rate is 31%. The corporation declared preferred dividends of $12,000 in 2020, and its average common stockholders' equity during the year was $166,000. Prepare an income statement for Carla Vista Corporation. CARLA VISTA CORPORATION Income Statement LINK TO TEXT LINK TO TEXT Compute Carla Vista Corporation's return on common stockholders' equity for 2020. (Round answer to 1 decimal place, e.g. 10.5%.) Return on common stockholders' equity % Click if you would like to Show Work for this question: Open Show Work
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